The Ultimate Guide to Living in Prosper
A HIDDEN GEM IN NORTH TEXAS
Prosper Tx is a city of roughly 10,000 homes and 20,000 residents located due north of Frisco Tx. The city has experienced tremendous population growth over the past 10 years due to strong economic development and business growth in North Texas. Homes in Prosper generally start around $400K and regularly go up into the multi-million dollar range. The average single family detached home in the city is approximately 3,050 sq/ft in size. The median home value is $475,000 and continues to increase annually at around 1.75%.
Prosper's High Demand Housing Market
Prosper's Strategic Location
Prosper sits just to the north of Frisco Texas with the Dallas North Tollway running right through the middle of town. Prosper's strategic location, causes it's 27 square miles to be some of the most desirable real estate around. Downtown Dallas and Fort Worth both lie within a reasonable commute time. Many families select Prosper as their new home because of the amazing schools, peaceful setting and the easy commute to the major employment hubs of Dallas and Ft. Worth.
The skyline of Prosper pays homage to its roots as a farming and railroad community from the past.
Despite Prosper's close proximity to Frisco and McKinney, the city maintains one of the lowest crime rates in the area. Neighbors enjoy peaceful, manicured neighborhoods with a wide variety of environments. It is always amazing to folks that visit our master planned neighborhoods like Windsong Ranch, Light Farms and Mustang Lakes with all the amenities and then the gated equestrian estates of Amberwood Farms. Prosper truly does have a home for every need...
Close to Shopping and Dining
Prosper has always had great shopping and dining nearby with a quick trip to McKinney's Historical Downtown Square or Frisco's amazing restaurant row. Today we are excited to share how Prosper is now getting great restaurants of its own along Preston road. The city of Prosper has always presented itself as business friendly and works closely with developers to create and support economic development areas. Just take a look all along Preston road..
Excellent Schools Point to Prosper's Strong Demand.
Excellent schools are often high on the "must-have" list of area home buyers. And the schools serving this city are a big factor driving folks to buy Prosper homes . The Prosper Independent School District is constantly winning awards and adding programs. For example, their amazing orchestra program is setting new standards of excellence all across the state.
Prosper High School is home to around 4,000 "Eagles". Eagle Pride runs deep, and it's not unusual to see the hay bails spray painted with high school slogans around the town.
A Wide Range Of
Homes Available in Prosper
New Construction Homes In Prosper
Prosper is literally the epicenter of new home construction in north Texas. It seems every field has a for sale sign in it and there is a new neighborhood opening soon. The demand for new homes in Prosper is breath taking. The great news is we are THE NEW CONSTRUCTION EXPERTS in Prosper! We have a list of all the best neighborhoods and builders to look at. We can also advise you on how to avoid. If you want to move to Prosper and build your "forever home" you simply must give us a call.
Home Styles Prosper
You can find virtually every type and style of home in Prosper. With so many custom homes being built homeowners have the freedom to build what they love. The master planned neighborhoods of Christie Farms, Gentle Creek and Whitley Farms all unique looks to them. Do have a more consistent look and feel, but even these homes have a great deal of variation. Prosper works very, very hard to create a unique and intriquing look to each neighborhood. Prosper has many neighborhoods that range from "urban tight" to 6 acre equestrian properties. No doubt Prosper home shoppers quickly learn to see and feel the unique atmosphere of the different neighborhoods as well, as each has its own.
Prosper Lot Sizes Often Determined by Age and Price
It does not matter if you are building your dream home or buying one with a few years on it, land in Prosper is EXPENSIVE. The simple fact is, Prosper has very little land and there is huge demand for it. It seems like everyone wants to move to Prosper when they get a private tour. This is wonderful for our Prosper home owners, but hard on our would be buyers.
That said, there are many older neighborhoods with great homes in them on acreage lots that need a bit of updating. These communities have some great advantages over newer ones. Everything from mature trees to peaceful winding streets. Many of the neighbors have lived there for decades and are always happy to great new families.
Larger Neighborhoods with Community Amenities
As Prosper's unique benefits got out, developers seized any opportunity to develop larger parcels. From the mid to late 2010's through today, the choice of neighborhoods in Prosper exploded. Planned communities started appearing with amazing amenities like Windsong Ranch's custom 8 acre Crystal Lagoon Pool.
Today, the new large planned communities of Prosper are all volume built, but custom builders can still be found on acreage tracts if you know where to look. Luckily, these volume builders have varied up their floorplan selections and really taken efforts to build homes that do not have the cookie-cutter look of less expensive areas.
Luxury Lots and Estates
Prosper has never had a problem attracting luxury home buyers. This is a simple market dynamic at play. Low availability + Huge demand = High prices. This is just a fact of life if you want to live in Prosper. Additionally, there was a rush to buy up homesteads: acreage with an old home that was torn down and replaced with a luxury estate. As you drive through town you'll see these large custom homes, often hard to find.
Prosper City Schools, Demographics, and Government
Here’s a look at the Prosper community:
The Prosper School District covers the entire city of Prosper, as well as parts of Frisco, McKinney, and Celina. Prosper is well known for offering exceptional education - many people have specifically chosen to live in Prosper for this reason.
There are two high schools in Prosper. Prosper High School has long held the title of the only high school serving Prosper ISD. Rockhill High has recently been completed and will begin serving student in the fall of 2020.
You can read reviews, school ratings and search for Prosper Homes by school on our Prosper ISD web page.
Prosper operates a council-manager form of government. This means there's a mayor, who acts as the main political leader, and an elective “Town Council” which enacts legislation, adopt budgets, determine policies, and appoint the Town Manager, who, is responsible to the Town Council for the execution of the laws and the administration of the government of the Town. .
You can visit the Prosper City website here for more information on city projects, events, announcements and information in general.
Prosper Population and Economy
The estimated population of Prosper was 28,380 in 2020, which is continuing the rapid growth of this formerly small town.
The first settlers arrived in this area in 1846 for the black fertile prairie soil of North Texas where cotton was a key crop. Between 1850 and 1902, two settlements existed. One community, Rock Hill, was two miles south of the present town. The second community, Richland, was one mile north. The development of these small communities was expedited in 1876 when County Courts ordered small tracts of land to be established for quick sale. These tracts, each approximately 160 acres in size, were sold for $3.50 per acre. Dr. A. T. Bryant of McKinney purchased one of the tracts, which later became the geographic nucleus for the Town of Prosper. Today Prosper encompasses 27 square miles of land.
NTREIS data last updated September 23, 2020.